N1,641/$: Naira to Dollar Exchange Rate Records Slight Depreciation
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The Nigerian naira depreciated to N1,641.27/$1 on October 11, 2024, marking a decline of N18.70 or 1.15% from N1,622.57/$1 on October 9, 2024; The naira remained stable against the British pound at N2,126.26/£1 and the euro at N1,772.69/€1; In the black market, the naira was reported at N1,710 for selling and N1,690 for buying; The Central Bank of Nigeria continues to struggle with stabilizing the naira; The US Federal Reserve's interest rate cuts may provide future support for the naira.
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https://www.legit.ng/business-economy/money/1619100-naira-exchange-rate-drops-official-black-exchange-market/